Small companies react quickly by raising capital and investing in R&D and investments, while large companies tend to cut back on their investments and experience lower growth. Profits are realized only after several years, indicating that innovation takes time to develop. The study supports the theory of creative destruction: small, flexible players drive technological breakthroughs, while established companies often lose ground. Read more about Gordon Philipps and his research.
Gordon Philipps guest researcher at IFN
29 August 2025
Gordon Philipps is a professor at the Tuck School of Business at Dartmouth, USA. On August 27, he was invited to IFN to present current research on the topic "New Technology Sectoral Disruptions" (co-authored by Tolga Caskurlu and Gerard Hoberg). The study examines how major technological advancements affect companies and the business landscape. The results show that these advancements create significant economic value.
